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Ericsson Q1 Profit Misses Estimates Amid Sluggish Sales and Rising Chip Costs

Ericsson reported first-quarter profits that fell short of analyst expectations, primarily attributed to sluggish sales performance. The telecommunications giant also cited increased chip costs, driven by growing demand for AI, as a factor impacting its financial results.

17 Apr, 05:11 — 17 Apr, 05:20
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